Livforsakringsbolaget Skandia Omsesidigt Makes New $7.20 Million Investment in Toll Brothers Inc. $TOL

Livforsakringsbolaget Skandia Omsesidigt bought a new position in Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 43,700 shares of the construction company’s stock, valued at approximately $7,199,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC increased its position in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Toll Brothers in the 3rd quarter worth about $27,000. Pinnacle Holdings LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers in the 3rd quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Toll Brothers in the 2nd quarter worth about $35,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 0.8%

TOL opened at $146.33 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The stock’s 50 day moving average price is $151.46 and its 200-day moving average price is $146.38. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.19 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business earned $3.73 EPS. Toll Brothers’s revenue was down 9.7% compared to the same quarter last year. On average, equities analysts forecast that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 8.35%.

Analysts Set New Price Targets

A number of research firms have recently commented on TOL. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. BTIG Research started coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. Finally, Citigroup lifted their target price on Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.27.

Insider Activity

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.